Sprint to buy rest of Clearwire for $2.2 billion
After rumors suggested a deal was near, Sprint announced today it has signed an agreement to acquire the shares of Clearwire that it does not already own.
According to Sprint, the companies have agreed to a per-share price of $2.97 on the approximately 50 percent stake in Clearwire it does not currently own. The total price will hit $2.2 billion, giving Clearwire a value of $10 billion when its debt and lease obligations are taken into account.
Rumors have been swirling for months that Sprint would acquire Clearwire, which owns spectrum and sells service to carriers and cable … Read more